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Saturday, August 19, 2023

#Kalyani Steel, beautiful cup & handle formation,ready to blast?

data:image/svg+xml,%3Csvg%20xmlns=%22https://ift.tt/j9EP5Ms

#Kalyani Steel, beautiful cup & handle formation,ready to blast?

Although I am not so bullish on Metal sector overall but Kalyani steel has made a beautiful cup & handle/Rounding bottom formation on weekly time frame which got me interested. Also this week Kalyani steel has given all time high weekly close at 471 and if price manage to give 2 close above 472 then upside targets for me would be 1) 574 2) 628 3) 705 4) 849. Once 628 is crossed I will bring my SL either at cost or 574 to mitigate risk. Below 376 it will become weak. Keep eyes on this stock


Originally posted here: https://ift.tt/kNzSHZs

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